According to a new market report published by Lucintel, the future of the global aramid paper market is attractive with opportunities in application segments, including electrical insulation and honeycomb. The global aramid paper market is expected to reach an estimated $637.1 million by 2022 and it is forecast to grow at a CAGR of 5.3% from 2017 to 2022. The major drivers for growth in this market are increasing demand for aramid paper in dry transformers, generators, motors and honeycomb materials for the composites industry.
Browse 39 Market Data Tables and 82 Figures spread through 125 Pages and in-depth TOC on http://www.lucintel.com/aramid-paper-market-17-22.aspx
In this market, electrical insulation, honeycomb, and communication equipment are the major end use application segments. On the basis of its comprehensive research, Lucintel forecasts that the honeycomb application will show above average growth during the forecast period from 2017 to 2022.
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Within the global aramid paper market, the electrical insulation segment is expected to remain the largest market in terms of value and volume consumption because of its unique combination of excellent electrical, dialectical, thermal, and mechanical properties than other substitutes such as fish, ceramic, and kraft paper.
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By product type, meta and para are the major types of aramid paper used in different applications. Meta aramid paper is expected to be the largest market by value and volume due to its attractive properties of inherent dielectric strength, mechanical toughness, thermal stability, chemical compatibility, cryogenic capabilities, radiation, and flame resistance
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Europe is expected to remain the largest region by value and volume. APAC is expected to experience the highest growth over the forecast period due to growth in end use industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of cellulose nanofiber aramid paper by using meta aramid fiber and cellulose nanofiber which enhances the tensile index, tear index, and interlayer bonding strength by 2.04 times, 2.36 times and 3 times, respectively. The Du Pont, Teijin Aramid, Yantai Tayho Advanced Materials Co., Ltd, Shenzhen LongPont, and X-FIPER New Material Co., Ltd are among the major suppliers of the aramid paper market.
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The study includes a forecast for the global aramid paper market by end use application segment, type, and region, as follows:
By End Use Application Segment (Value ($M) and Volume (M lbs) shipment analysis from 2011-2022):
Electrical Insulation
Honeycomb
Communication Equipment and Others
By Product Type (Value ($M) and Volume (M lbs) shipment analysis from 2011- 2022):
Meta Aramid Paper
Para Aramid Paper
By Region (Value ($M) and Volume (M lbs) shipment analysis from 2011-2022):
North America
Europe
Asia Pacific
The Rest of the World
This 125-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/aramid-paper-market-17-22.aspx or helpdesk@lucintel.com
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